Masterclass
Culture is the New Balance Sheet
Thursday
Jul
02
12:00 pm
-
1:00 pm
edt
Thursday, Jul 02 12:00 pm - 01:00 pm EST/EDT
RSVP NOW
Masterclass
Culture is the New Balance Sheet
Thursday
Jul
2
12:00 pm
-
1:00 pm
edt
Thursday, Jul 02 12:00 pm - 01:00 pm EST/EDT
RSVP NOW
The most interesting business stories right now are not happening in finance, they are happening in culture. Old rules of business, like scale, price, mass advertising, distribution, no longer determine who wins. Winners are now those with cultural capital, like scarcity, deliberate opacity, fandom, aesthetic innovation or identity. These are the backbones of the new cultural models that protect margins, command price premiums and build equity that makes brands immune to trends. Cultural capital is also the reason why fashion brands are opening jazz clubs, luxury conglomerates running movie studios, movie studios opening restaurants, restaurants dropping merch, or car companies launching fashion brands. In the race to resist the attention economy, the only true advantage is having intellectual property, world-building, and durable cultural currency.
Ana Andjelic spent a decade in C-suite brand roles, at Banana Republic, Esprit, Mansur Gavriel, and Rebecca Minkoff, while simultaneously building a body of intellectual work that explains why most brand strategy fails. The result is a perspective with unusual commercial credibility: she has made the argument at board level and then delivered the numbers. Her central thesis, developed in The Business of Aspiration (Routledge), is that modern consumers no longer signal status through wealth or possessions but through taste, curation, and values – what she calls social, cultural, and environmental capital. The organisations that understand this are not running better advertising. They are restructuring brand strategy around cultural influence: collaborations, creative communities, content, and what she identifies in her second book, Hitmakers: How Brands Influence Culture, as the systematic production of cultural hits. At Banana Republic, she translated this framework into a full brand repositioning that delivered a 27% year-on-year comparable sales increase. At Esprit, she oversaw the brand’s repositioning across Europe and its re-entry into North American and Asia-Pacific markets. Both assignments required her to make cultural arguments in commercial terms and to redesign the marketing function to deliver them. Andjelic holds a PhD in Sociology from Columbia University and a Masters in Media Studies. Her Sociology of Business newsletter is among Substack’s top 15 business publications. She contributes to Harvard Business Review, Fast Company, Advertising Age, and Adweek, and is a frequent expert source for the Wall Street Journal, the Business of Fashion, Financial Times, and Vogue Business. 
RSVP NOW